Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Drops By 40.1%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 14,060 shares, a drop of 40.1% from the June 15th total of 23,491 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 36,894 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Low Duration Strategic Focus ETF Stock Up 0.1%

LDSF stock traded up $0.01 on Friday, hitting $18.92. 19,230 shares of the company’s stock were exchanged, compared to its average volume of 29,283. The firm has a 50 day moving average price of $18.92 and a two-hundred day moving average price of $19.03. First Trust Low Duration Strategic Focus ETF has a 12-month low of $18.77 and a 12-month high of $19.59.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.074 per share. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Several hedge funds have recently modified their holdings of LDSF. Arax Advisory Partners purchased a new position in shares of First Trust Low Duration Strategic Focus ETF in the fourth quarter worth $10,352,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF during the first quarter valued at $119,000. Royal Bank of Canada grew its holdings in shares of First Trust Low Duration Strategic Focus ETF by 27.9% during the first quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock valued at $31,305,000 after buying an additional 360,432 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of First Trust Low Duration Strategic Focus ETF by 4.7% during the first quarter. D.A. Davidson & CO. now owns 85,556 shares of the company’s stock valued at $1,619,000 after buying an additional 3,837 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of First Trust Low Duration Strategic Focus ETF by 38.8% in the 1st quarter. Sanctuary Advisors LLC now owns 232,698 shares of the company’s stock valued at $4,403,000 after acquiring an additional 65,050 shares during the period.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.